A Clear-Cut Way to Reduce Potential Financial and Criminal Penalties
Tae Young Bae, ACSS Reporter
January 15, 2022
Enforcement
The Collecting and the Spending of Sanctions Fines
David Williams, Editor, ACSS
December 4, 2021
Mexico-Based Network Used by Venezuela for Sanctions Evasion
Alejandro Leáñez, ACSS
May 9, 2021
Steady Increase in OFAC Enforcement; A Shift Towards Unilateral Sanctions; A New Focus on International Trade; and much more, according to Accuity.
Steady Increase in OFAC Enforcement; A Shift Towards Unilateral Sanctions; A New Focus on International Trade; and much more, according to Accuity.
February 3, 2020 By: Anna Sayre, CSS, Director of Content, ACSS The global sanctions landscape is in a constant state of flux. From the U.S.’ stern outlook on Iran to the E.U.’s ever-tightening sanctions on Russia, our current global climate is...
OFAC in 2019: Enforcement Actions Spotlight Cuba, Mergers and Acquisitions
OFAC in 2019: Enforcement Actions Spotlight Cuba, Mergers and Acquisitions
January 25, 2020 By: Natasha Bright, ACSS Reporter The U.S. Office of Foreign Assets Control had a very busy year. The agency handed out a record $1.28 billion in penalties in 26 settlements. The enforcement actions provide insight into what was...
Recent OFAC Settlements with Non-Financial Companies and Lessons Learned
Recent OFAC Settlements with Non-Financial Companies and Lessons Learned
November 4, 2019 By: Thomas Nollner* A commonly held misconception within the sanctions industry is that Office of Foreign Assets Control (OFAC) sanctions programs only apply to financial institutions. Recent large civil liability settlements...
Ten Tips On How To Comply With An OFAC Settlement Agreement (Or Avoid the Regulator Altogether)
Ten Tips On How To Comply With An OFAC Settlement Agreement (Or Avoid the Regulator Altogether)
April 23, 2019 By: Scott Nance*, Principal, LC Consulting Recent times have seen an uptick in sanctions enforcement actions, placing an onus on many compliance suites and officers to take head and build a robust sanctions compliance program. In...
The Zoltek Experience: Six Lessons for U.S. Companies with Foreign Subsidiaries
The Zoltek Experience: Six Lessons for U.S. Companies with Foreign Subsidiaries
February 4, 2019 By: Scott Nance and George Voloshin On December 20, 2018, the Office of Foreign Assets Control (OFAC) published a penalty notice and settlement agreement with Zoltek Companies, Inc., a U.S. producer of carbon fiber. OFAC found...
Wake Up To Sanctions
Wake Up To Sanctions
November 19, 2018 SanctionsAlert.com Sanctions Round Up US Imposes Sanctionson 17 Saudis for Alleged Role in Khashoggi Killing, but Prince Stays Clear On November 15, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC)...
Affiliate Members
